The gelcoat is highly used in providing protective covering from weather and environmental impact. It helps in providing UV stability and giving aesthetic appearance. Now, gelcoat is used for constructing luxurious yachts and growing water projects. The major advancement in the gelcoat is that it is now have been used for packaging foodstuffs and home décor.
Global Gelcoat Market is projected to register a CAGR of 7.5% in the forecast period of 2019 to 2026.
Gelcoat is a compound utilized in providing outer protective layer and high quality finishing to surfaces of the fiber-reinforced composite. It is formulated by using different resins such as polyester, vinyl ester, epoxy and others. It is highly resistant to water, osmosis, UV, chemical, impact and crack. It gives enhanced mechanical property and reduces surface porosity.
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Key Market Competitors:
Some of the major players operating in this market are AKZO NOBEL N.V., ASHLAND, LyondellBasell Industries Holdings B.V., 3M, SIKA AG, AEKYUNG CHEMICAL Co., Ltd, ALLNEX NETHERLANDS B.V., AOC, LLC, BÜFA GmbH & Co. KG, Changzhou Huake Polymers Co., Ltd., DE USSEL COATINGS BV, DUGALAK Ltd., Eternal Synthetic Resins (Changshu) Co.Ltd., Euroresins, GRM, HK Research Corporation, Interplastic Corporation, Leader Compsite Comp.,Ltd, Mäder, NANO4LIFE EUROPE L.P., Polynt, Resoltech, Scott Bader Company Ltd.,TURKUAZ POLYESTER.
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Segmentation: Global Gelcoat Market
Global gelcoat market is segmented into four notable segments which are type, resin, application method and end-user.
On the basis of type, the market is segmented into standard gelcoat and specialty gelcoat.
On the basis of resin, the market is segmented into polyester, vinyl ester, epoxy and others.
On the basis of application method, the market is segmented into spray, brush & roller.
On the basis of end-user, the market is segmented into automotive, marine, building and construction, wind energy and others.
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